Another new project in Noida :

sunshinehelios.com

Website is excellent, no idea about ground reality..Even could not find the builder details..But the concept and amenities are excellent..

Has anyone got any clue about builder and any completed project by him.

Surprisingly no broker is also talking about this project.
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  • Thanks Basant,

    Few days back Ram Kumar posted the Helios papers, he must have the lease deed with NA also.

    Ram Kumar: can you please post the pages of lease deed where the conditions specified for payment plan to NA ?

    Thanks
    Akash
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  • Sunshine helios needs some sunshine..............:)
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  • In this case every project needs sunshine ;-)

    Originally Posted by cookie
    Sunshine helios needs some sunshine..............:)
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  • Originally Posted by Akash1
    In this case every project needs sunshine ;-)

    Sahi hai bhai, apna kuch nahi lagaya aur public ke paise se maje kar rahe hai ye :)

    baad mai public jaane aur sarkaar builders ko koi farak nahi padta, jab jameen he unki nahi to hawa mai ghar bech rahe hai ye sab :)

    lage raho, lage raho
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  • Originally Posted by rohit_warren
    Sahi hai bhai, apna kuch nahi lagaya aur public ke paise se maje kar rahe hai ye :)

    baad mai public jaane aur sarkaar builders ko koi farak nahi padta, jab jameen he unki nahi to hawa mai ghar bech rahe hai ye sab :)

    lage raho, lage raho

    It has been happening everywhere....................
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  • Originally Posted by cookie
    It has been happening everywhere....................

    I don't want to rediscuss the leasehold and freehold in this thread - please read my thread where we have discussed this issue :)

    See beyond what is shown :D
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  • Is it happening in Gurgaon also or Noida (Uttar Pradesh) only has this special facility ?
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  • Originally Posted by Akash1
    Is it happening in Gurgaon also or Noida (Uttar Pradesh) only has this special facility ?

    its happening ONLY in Noida and GNoida - Whole of Haryana is Freehold which means the payment is made in full to the land owner and govt is no where involved.

    rohit
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  • Originally Posted by rohit_warren
    its happening ONLY in Noida and GNoida - Whole of Haryana is Freehold which means the payment is made in full to the land owner and govt is no where involved.

    rohit


    Rohit Bro
    Guys are fed up and bored of your single point agenda.
    better come up with some other strong points.
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  • Rohit et al

    Does this mean, we cannot sell our flat (for which we have taken loan) to a buyer who wants to transfer loan or take loan, untill the whole NA payments complete ?
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  • Originally Posted by cookie
    Rohit Bro
    Guys are fed up and bored of your single point agenda.
    better come up with some other strong points.

    Good Night
    I am happy that I have no stake in Noida and GNoida but sad as many people are trying to act like ostrich and thinking that all will end well without even gauging the seriousness of the issue.

    Anyways its their money they are the best judge.

    Rohit
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  • ultimately you understood.......hehehee:)
    Night and sweet dreams
    Originally Posted by rohit_warren
    Good Night
    I am happy that I have no stake in Noida and GNoida but sad as many people are trying to act like ostrich and thinking that all will end well without even gauging the seriousness of the issue.

    Anyways its their money they are the best judge.

    Rohit
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  • one of the post from Venky, which clear lots of stuff..


    Lots of misconceptions here about leasehold.

    LEasehold and freehold make a difference only if the conveyance deed depends on the flat being free hold.

    This is important only in DDA flat, which were initially sold as leasehold and without conveyance deed. So it required to be made freehold, before conveyance deed could be made and only then could it be sold/mortgaged to bank for any loan/reverse mortgaged.

    Otherwise they were sold on POA without these rights - and the POA subsequently paid the money for these rights.

    Cost of converting leasehold to freehold for DDA flat is approx 50,000 Rs and not 24 Lakhs as someone claimed.

    In DDA flat, therefore, it makes sense to convert to freehold - you can take a bank loan on mortgage/reverse mortgage or sell off the flat.

    Now in NOIDA, conveyance deed is available on the leasehold land. So it is immaterial whether it is freehold or leasehold - it does not matter.

    You can sell the flat/land

    You can reverse mortgage the flat/land (HDFC guy gave you wrong info).

    If at any time the authority grants rights of freehold, it will be not availed by anybody because it is meaningless in NOIDA.

    Unless of course NA changes the rules - as someone pointed out, it is usually to tap some revenue from the people - just like service tax (I hate all tax)

    So price of NOIDA apt should not in anyway depend on the leasehold/freehold issue - and in no way is the buyer being shortchanged.

    Except for the stiff lease rent payment which the NA extracts from us - again , I hate our govt taking tax from us without providing anything except corruption in return.

    After all, the NA sold the land to the developer - so why tax us again for lease rent?

    But we have to live with the governments which we are stupid enough to elect.

    Re: Oversupply, in 20 years the supply will dry up.

    RE is a long term play - at least ten to 15 years holding period. In this time, the supply will be exeeded by demand.

    NOIDA is currently a good option because the oversupply and competition is keeping prices very reasonable.

    Good for the long term investor.

    BAd for the short term investor who makes booking and then exits before registration.

    For a middle class and lower middle end user, NOIDA is the best place to invest for long term appreciation plus own use
    __________________

    Venky
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  • Its mentioned in BBA of SSH that


    17. That The Sub-Lease Deed of the unit will be executed in favour of the allottee/s by the company. That upon the execution of the Sub-Lease deed the allottee/s will be bound by the terms of the Noida Authority.


    19. That all taxes or charges, present or future, on land or building levied by any authority or any Government organization from the date of booking shall be borne and paid by the allottee/s.

    But need to check whats written in Main Lease deed between Builder and N/A if Builder defaults what would be the consequences and who would be responsible ?
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  • Originally Posted by Akash1
    Its mentioned in BBA of SSH that


    17. That The Sub-Lease Deed of the unit will be executed in favour of the allottee/s by the company. That upon the execution of the Sub-Lease deed the allottee/s will be bound by the terms of the Noida Authority.


    19. That all taxes or charges, present or future, on land or building levied by any authority or any Government organization from the date of booking shall be borne and paid by the allottee/s.

    But need to check whats written in Main Lease deed between Builder and N/A if Builder defaults what would be the consequences and who would be responsible ?



    Pls. see the part marked in red.

    Since the terms & conditions of NA agreement are binding on flat buyers, it is necessary to know what are these terms & conditions.
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